With cryptocurrency acquiring a household name due to sustained media coverage in the market today, a huge number of investors are attracted by the record amount of funds raised. For those entrepreneurs who launch a lot of projects, ICO (Initial Coin Offering) has emerged as a viable method to raise funds. ICO’s have simple procedures and do not have rigorous conditions, unlike banks and venture capitalists.
ICO is considered as one of the most popular and preferable fundraising methods among potential investors in the cryptosphere. Be it any business, marketing is that one crucial tool that decides the success and failure of the business. Especially for a business that is highly on-demand like an ICO, marketing decides the stability and future of the business.
Initial Coin Offerings, commonly abbreviated as ICO has been instrumental in transforming the perspective and profitability of crypto funding. It is a method of crowdfunding a project where tokens are issued for the investors guaranteeing returns from the project itself. The returns were generally redeemable as access or special rights within the project ecosystem.
The global blockchain market size is expected to reach $57 million by 2025. And as per Kaspersky, 19% of people bought cryptocurrency before 2019. In response to this acclaim form the global investors and users of cryptocurrency, many cryptocurrencies are forming, even Facebook launched its digital currency named Libra.
At the outset of the crypto boom, Bitcoin took over the industry. Until late last year (2018), cryptos accounted for the majority of the sector's market capitalization. Other elements, such as Ripple and Ethereum, would then take over the industry. Today, Bitcoin is still on the lead. However, there's an inevitable turnover that analysts are debating over. Others are wondering if cryptos are replacing cash altogether.
ICOs are extremely risky investments, and with great risk can come great reward. The top-performing ICOs have given investors returns as high as 200 percent. Many ICOs are made by legitimate companies that want to raise funds for amazing new technology and promising advances in e-commerce.
Many coin holders have become millionaires investing in initial coin offerings (ICOs), and yet government authorities are warning the public against taking what they deem to be such a risky investment. Some countries have even went to the extreme of banning ICOs altogether. So, why are ICOs so risky? There are several reasons why these investments would be considered such.
ICOs have become hugely popular, and some have been extremely successful. From huge successes to massive failures, and a large number worthless ICOs that turned out to be scams, ICOs having been appearing in massive numbers over the past eighteen months. It can often be hard to tell whether or not ICOs are a bad investment, but things like the market, timing, and risk can all determine whether or not to invest in ICOs.
Exit scams are some of the worst scams associated with the world of cryptocurrency. If you're wondering, "What is an exit scam?", these are the things that people worry about when they're looking to invest in an ICO, and often costs investors huge amounts of money.
We are living in a time where scams are commonplace. Chances are some of the change in your wallet might even be fake, created by a scam artist somewhere to imitate real money. Where there is money to be made, there are scam artists willing to exploit the system in order to make it—in any way or form that they can.
How far would you go for money? Would you work day and night for it? Would you take a job you don’t like for it? Would you marry for it? Or, would you go so far as to scam others out of it to better your life?
The world of blockchain technology is one that's literally filled to the brim with investment opportunities. No matter where you look, there's money to be made and potential for amazing things to happen.